Days after buying Twitter, its chief Elon Musk has ordered the highest administration to arrange a listing of workers who will be sacked, the New York Occasions reported on Saturday. Musk, who took management of the US-based microblogging website earlier this week, has already fired three high officers together with CEO Parag Agrawal.
Now, he has deliberate extra job cuts and for that, he has requested some managers to “draw up lists of workers to chop”. That is in keeping with stories that got here out forward of Twitter’s takeover by Musk, suggesting that the brand new proprietor could carry down the workforce – some even instructed that 75 per cent of individuals could possibly be laid off.
NYT reported that Musk deliberate to start shedding employees at Twitter as quickly as on Saturday.
Musk has ordered the job cuts throughout the corporate, with some groups to be trimmed greater than others, the report stated, including that the size of the layoffs couldn’t be decided at Twitter which has round 7,500 workers.
In keeping with the report, the layoffs would happen earlier than November 1 when workers have been scheduled to obtain inventory grants as a part of their compensation. Such grants are a good portion of workers’ pay and by firing employees earlier than this date, Musk could keep away from paying the grants.
The brand new Twitter boss has already advised buyers that he would take the corporate personal, scale back its workforce, roll again its content material moderation guidelines and discover new income streams.
Musk took over the cost of the corporate on Thursday after closing a $44 billion deal. Quickly after Musk grew to become the brand new boss, Twitter CEO Parag Agrawal, coverage head Vijaya Gadde, Chief Monetary Officer Ned Segal, and Common Counsel Sean Edgett have been reportedly fired.
In a tweet on Friday, Musk stated: “The chook is freed.”
The enterprise magnate additionally wrote a letter to advertisers, explaining why he purchased Twitter. In a three-page letter, he stated it is very important the way forward for civilization to have a standard digital city sq., the place a variety of beliefs will be debated in a wholesome method, with out resorting to violence. He stated there may be presently nice hazard that social media will splinter into far right-wing and much left-wing echo chambers that generate extra hate and divide our society.
Musk stated Twitter will not flip right into a “free-for-all hellscape” and that there shall be penalties for violating the phrases. He stated customers on the platform will nonetheless have to stick to the “legal guidelines of the land”. “I did not do it (purchase Twitter) to make more cash. I did it to attempt to assist humanity, whom I really like…And I accomplish that with humility, recognizing that failure in pursuing this aim, regardless of our greatest efforts, is a really actual risk,” Musk stated.
With inputs from PTI